7th Nov 2013 07:00
AIM: JPRL
7 November 2013
Jupiter Energy Limited
('Jupiter' or the 'Company')
Result of AGM
The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, trading on AIM ("JPRL"), ASX ("JPR") and KASE ("AU_JPRL"), announces in accordance with ASX Listing Rule 3.13.2, that the resolutions put to shareholders were carried on a show of hands at the Annual General Meeting of the Company held earlier today. The table below sets out the proxy votes received in respect of each resolution:
Resolution | Votes in favour | Discretion | Votes against | Abstentions |
Adoption of the Remuneration Report | 102,034,027 | 108,844 | 169,778 | 1,265,003 |
Re-election of Scott Mison | 103,380,122 | 447,563 | 75,047 | 13,639 |
Issue of Performance Rights to Alastair Beardsall | 100,773,685 | 445,895 | 253,157 | 2,443,634 |
Issue of Performance Rights to Baltabek Kuandykov | 102,019,517 | 450,063 | 253,895 | 252,261 |
Issue of Performance Rights to Geoff Gander | 103,210,878 | 107,176 | 252,261 | 7,337 |
Issue of Performance Rights to Scott Mison | 103,207,177 | 450,063 | 251,794 | 7,337 |
Authority for issue of Equity Securities | 103,069,647 | 585,065 | 187,740 | 73,919 |
Amendment to terms of Performance Rights to Geoff Gander | 102,978,219 | 107,176 | 351,920 | 7,003 |
Amendment to terms of Performance Rights to Alastair Beardsall | 100,534,358 | 583,397 | 352,720 | 2,445,896 |
Amendment to terms of Performance Rights to Baltabek Kuandykov | 101,784,358 | 583,397 | 352,720 | 1,195,896 |
Amendment to terms of Performance Rights to Scott Mison | 102,974,518 | 583,397 | 351,453 | 7,003 |
Following approval of the resolutions, the directors of the Company have the following interests in the Company's shares:
Director | Shares | Performance Rights |
Geoffrey Gander | 3,147,224 | 2,500,000 |
Alastair Beardsall | 1,250,000 | 2,500,000 |
Baltabek Kuandykov | Nil | 2,500,000 |
Scott Mison | 391,238 | 575,000 |
ENDS
Enquiries:
Jupiter Energy | +61 8 9322 8222 |
Geoff Gander ([email protected])
| |
finnCap Ltd +44 (0)20 7220 0500 | +44 (0)20 7220 0500 |
Matt Goode/Christopher Raggett (Corporate Finance) | |
Simon Johnson (Corporate Broking)
| |
GMP Securities (Europe) LLP +44 (0) 20 7647 2800 | +44 (0) 20 7647 2800 |
Rob Collins/James Pope (Corporate Finance)
| |
Media Enquiries: | |
Blythe Weigh Communications: | +44 (0) 207 138 3205 |
Tim Blythe | |
Halimah Hussain |
www.jupiterenergy.com.au
About the Company:
Jupiter Energy Limited is an oil exploration and production company, quoted on both the AIM, ASX and KASE markets. The Company is focused on developing its onshore assets in western Kazakhstan. In 2008 the Company acquired 100 per cent of the Block 31 permit, located in the oil-rich Mangistau Basin, close to the port city of Aktau.
Jupiter has a proven in-country management team, led by an experienced, international Board, together possessing the skills, knowledge, network and attention to detail needed to operate successfully in Kazakhstan. The forward plan will see Jupiter develop a group production facility on Block 31 to process, store and export oil. This topside infrastructure is a key element in moving to long-term production and the achievement of self-funding for further development of Block 31.
Related Shares:
Jupiter Energy